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OLEAN – A look at the finances for the Olean School District shows that, for the most part, things are going well, and members of the Board of Education could not be happier.

Jim Sabo, of Wellsville-based Brock, Schechter & Polakoff LLC, presented the annual audit report to the board this week.

“I am very happy with the results of the audit,” Superintendent Dr. Colleen Taggerty said. “The report confirms that our business department does an excellent job.”

Only one area is in need of a bit of tightening, she said. Controls in the student activity funds are a bit lacking, but that is due to those funds’ being managed by students, Taggerty said.

To maintain the financial stability of the district, Taggerty said, she and the board will be reopening the ad hoc committee to help develop the budget. The committee is open to those that can commit to attending all meetings of the committee.

The group was created last year at the suggestion of Taggerty and District Business Officer Kathy Elser.

The intent is to “educate people on how the budget is developed, the rules and regulations that govern school finance, and for input into cost-saving measures or cost reductions as we look forward at a deficit,” Taggerty said. “Information that is shared with us from the members will be shared with the finance committee of the Board of Education. This will help to inform budgetary decisions.”

In other actions, the board appointed Danielle Hinman as a full-time account clerk typist at $14.50 an hour and reinstated Pam Mellon as a food service helper at $10.90 an hour.

The board will start its annual tours of the district with the next meeting. Members will be tour the Olean Intermediate Middle School at 6 p.m. Oct. 15, with the meeting to follow at 6:30. The next stops will take place at the same times at Olean High School on Nov. 5, Washington West Elementary on Nov. 19 and East View Elementary on Dec. 3.